Gold: Support and resistances 19th of October

Refer to chart for support and resistances.
Personal bias: Long @ open for target 1291

Thick lines = strong support/resistances

Commento:

There is no excuse now for going down. Unless it is a disabled bull.

Commento:

Healthy movements in gold this day. Not rushing it, but doing things so it doesnt have to do meaningless returns to price pivots. Good.

Commento:

Looks like gold is determined on the 1291 today.

Commento:

1284 should provide support. 1291 should be opened for taking a hit now.

Commento:

Good accumulation of energy in price taking place

Commento:

Hopefully now it accumulates to spike through 1291, which is the ideal way of approaching the target.

Commento:

The often correlated UJ.. Getting ready for its next move down. Quite so soon.
That will probably help gold take out 1291.

Commento:

Ok, we came less than a dollar from 1291. So far so good. Will publish new levels for tomorrow.

Trade chiuso: obiettivo raggiunto